edison tv
Investment Companies
“Edison is the go-to for a new investor to get full understanding of the investment case and business. Edison’s distribution reaches investors that we want to connect with directly.”
Sanjeev Bahl discusses our recent initiation on Faroe Petroleum and the company’s exploration-led growth strategy. Norwegian exploration tax incentives, combined with recent success at Iris/Hades, underpin finding costs of c $1/boe (post-tax) and have delivered a portfolio of projects with point-forward IRRs ranging from 21% to 41% at $70/bbl. We believe that the market is not fully valuing the risked value of Faroe’s upcoming seven-well E&A programme that targets un-risked prospective resource of 144mmboe, or is not fully taking into consideration the positive cash flow impact of tax depreciation carry-forwards/consolidation in Norway.
Get access to the very latest content matched to your personal investment style.